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Accepting a counter offer is one of the biggest mistakes that you can make during your career.

To be clear, a counter offer is when you try to resign from your current employer after a

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ccepting another job elsewhere and your current employer tries to keep you by offering you (typically) more money, a better job, more benefits, more vacation, etc.

In other words, t

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

hey try to bribe you to stay.

The question you need to ask yourself is if you were worth more money, deserved a better job, deserved more benefits or deserved more vacation, why di

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

you need to resign before you employer realized you deserved it?

Hmmmm...

To accept a counter offer says several things:

It says that you weren’t really looking for a job. You were

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

simply looking for a raise because that’s basically what a counter offer is.

Accepting a counter offer says that you can be bought. If you accept one, you have shown that you can be bo

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ght. It’s just a matter of how much it’s going to cost your employer.

Accepting a counter offer tells your current employer that you were looking for a new job so chances are if you we

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

re looking before, you will look again once a better job opportunity surfaces elsewhere.

Accepting a counter offer shows that you are not a loyal person. It shows your current employer

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

that you will renege on a deal in exchange for more money. Not exactly a trait employers are looking for in their employees…

Studies have shown that people who accept a counter offer:

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

Typically end up leaving the company anyways within 6 months of accepting a counter offer.
Burn their bridges with both their employer and with the company they ac

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

epted the new job with and then turned down.

Could end up getting fired by their employer once the employer finds someone suitable to replace them. In other words, your emplo

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

yer only gave you a counter offer to keep you in place until they found someone suitable to replace you!

Burn their bridges with the recruiter they used to find the position,

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

if they were using one.

Recruiters HATE when a person accepts a new job with their client…and then change their mind and accept a counter offer.

When a recruiter

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

as to go to their client and let them know that the new employee they hired has changed their mind and that their search for a new employee has to start over again, you have pretty much

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

guaranteed this recruiter will not work with you again.

Especially if the recruiter loses this client as a result of you accepting a counter offer. Think about it: if the employer tur

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ed down a few other good candidates to offer you the job, they will be really angry about being spurned by you.

If you accept a counter offer, I wouldn’t expect to hear from the recrui

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ter OR the company you turned down, ever again!

Before you accept a counter offer, take a step back and think things through completely.

Look at the job offer letter you have

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

eceived and ensure it contains everything you were told it would contain.

While considering the job offer letter and its contents, remind yourself why you decided to look for a new job

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

(and accept it) in the first place.

How does accepting a counter offer change the reasons you decided to look for a new job?

Again, if you were worth the extra perks your current emp

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

oyer is offering you in the form of a counter offer, why did they wait until you told them you were leaving to offer it to you?

It doesn’t really make sense when you think about it,

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

does it?

Accepting a counter offer might look good in the short term, but it probably won’t be long before you find yourself again looking for a new job if you choose to accept it

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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